AGREED VALUE has the meaning specified in Schedule 7.

AIR AUTHORITY the AAC.

AIRCRAFT the aircraft described in Part 1 of
 Schedule 1 (which term includes, unless the
 context otherwise requires, all Engines,
 Parts and, except in respect of Clause 9 and
 Schedule 4 hereof, Aircraft Documents).

AIRCRAFT DOCUMENTS the documents, data, manuals and records
 identified in Part 2 of Schedule 1 and all
 additions, renewals, revisions and
 replacements from time to time made in
 accordance with this Agreement.

AIRCRAFT PURCHASE AGREEMENT the aircraft sale and purchase agreement
 dated as of October 1, 2003 between the
 Initial Purchaser and the Beneficiary
 insofar as it relates to the Aircraft
 between such parties in connection
 therewith.

AIRFRAME the Aircraft, excluding the Engines and
 Aircraft Documents.

AIRFRAME 6C/24,000 FLIGHT HOUR means the 6C/24,000 Flight Hour block check

 7


BLOCK STRUCTURAL CHECK including inspections, and system check,
 all in accordance with the Approved
 Maintenance Program. Included are all
 routine and non-routine 6C check tasks and
 any maintenance or replacement of any part
 failing any 6C check routine requirement for
 an operational or functional test of the
 part while installed on the Aircraft.

AIRFRAME 6C/24,000 FLIGHT HOUR has the meaning specified in Clause
BLOCK STRUCTURAL CHECK 5.4(a)(i).
SUPPLEMENTAL RENT

AIRFRAME 6C/24,000 FLIGHT HOUR has the meaning specified in Schedule 7.
BLOCK STRUCTURAL CHECK SUPPLEMENTAL
RENT RATE

AIRWORTHINESS DIRECTIVE OR AD an airworthiness directive issued by the FAA
 and/or the AAC.